An experimental investigation of insurance decisions in low probability and high loss risk situations

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Atıf İçin Kopyala

ÖZDEMİR Ö., Morone A.

JOURNAL OF ECONOMIC INTERACTION AND COORDINATION, cilt.9, sa.1, ss.53-67, 2014 (SSCI)

• Yayın Türü: Makale / Tam Makale
• Cilt numarası: 9 Sayı: 1
• Basım Tarihi: 2014
• Doi Numarası: 10.1007/s11403-013-0112-2
• Dergi Adı: JOURNAL OF ECONOMIC INTERACTION AND COORDINATION
• Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
• Sayfa Sayıları: ss.53-67
• Orta Doğu Teknik Üniversitesi Adresli: Evet

Özet

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold probability.